Job Description

Empowering Africa's tomorrow, together...one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
Assist in developing and implement best practice investment strategies with respect to asset allocation and portfolio construction for the Bank's HQLA Portfolio.

Assist in the management of the Bank's Structural Hedging Programme and other interest rate risk mitigation. Identifying investment opportunities, collaborate with the team in order to advise and influence the shaping of the Group's balance sheet. Mitigating foreign exchange and accounting risk of all Banking book non - traded market risk.

Presenting of thought leading financial market research and outlooks using local and global counterparties to influence group strategy and deployment of financial resources.

Preparing and report performance of all portfolios under management of the Investment Function Team.


Accountabilities:Daily operational requirements of deal capturing, client interaction, trade queries and price quoting. Building quantitative financial models to forecast and optimise portfolio returns and support key decision making. Real-time analysis of market rates and timeous execution of financial instruments including (Bonds/Derivatives/Money Market/Collateral/FX). Tracking global economic developments and its impact on financial markets. Daily market update to stakeholders regarding key market and economic developments. Creation of macro dashboards for reference and to support decision making applicable to the Structural Hedge Portfolio/HQLA portfolio. Anticipating market developments and identifying trade opportunities with risk-adjusted superior returns. Assist in managing the bank's HQLA investment portfolio, including making investment decisions, monitoring risk and reporting/forecasting returns through scenario analysis. Assist in managing the bank's Structural Hedge Programme, including scenario analysis, execution strategy and forecasting key portfolio attributes evolution of the Programme. Hedging Group subsidiary FX flows. Precise/timeous execution of financial instruments with internal and external counterparties. Daily interaction with Absa GM Trading desks. Understanding the sensitivity to the Bank's Intraday Liquidity position, Wholesale Funding Targets, Economic Funding Model and its implication on regulatory ratios (LCR/NSFR). Team Dynamics - Team Player - through driving core values of innovation, being dynamic and motivated. Good communication skills are a key requirement of the role.

Accountability: StakeholdersEngage with and maintain good relationships with key internal and external stakeholders including Regulators, international banks, Absa Trading desks, research analysts as well as Group Treasury partners. Play a positive role in Corporate Citizenship.

Accountability: RegulatoryAdhere to all Absa Compliance requirements, regulatory frameworks and policies. Knowledge of regulatory impacts i.e. Basel 3, LCR, NSFR etc. Optimize positioning to adhere to requirements while enhancing return for the firm.

Accountability: Revenue and RiskUsing derivative products to hedge investment activity where required and general risk management of the book. Overlay derivative strategies on the book to enhance revenue on the portfolios (Structural Hedge and Liquid Asset portfolio) within risk parameters. Using FX products (Cross Currency swaps, Int rates swaps, FX spot) to diversify investments while considering credit exposure in the HQLA portfolio. Continuous monitoring of opportunities in markets. Prompt decision and execution within risk limits.

Education and Experience RequiredBachelor's degree in Business, Economics, Finance or Quantitative field. 5+ years experience in fixed-income trading, structuring, portfolio management or other Front Office role. Prior Treasury portfolio management experience would be advantageous.

Knowledge & Skills: (Maximum of 6)Strong analytical ability or technical concentration including analysis of intraday cash, Fixed Income and market patterns. Ability to work well in team environment. Creative thinking and ability to apply to our operations Professional work ethic and positive attitude Proficiency with Excel Attention to detail is crucial

Competencies: (Maximum of 8 competencies)Deciding and initiating action Learning and researching Entrepreneurial and commercial thinking Relating and networking Adapting and responding to change Persuading and influencing Creating and innovating

Education
Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.Absa Bank Limited reserves the right not to make an appointment to the post as advertised